I Save for Icesave: Self-Interest and Sovereign Debt Resettlement

We undertake an individual-level analysis of mass political behavior toward sovereign debt resettlement by leveraging the unique circumstances of a 2011 referendum on debt repayment in Iceland. This allows us to engage broader questions about mass international political economy. Against the recent thrust of a growing literature, we find evidence of material economic “pocketbook” effects — self-interest — on voting behavior, operating alongside...